Extended run to the downside and potential for the downside continuation out of hourly time-frame...
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EUR/USD rebounds to near 1.0850, awaits Fedspeak
EUR/USD is rebounding to near 1.0850 in the early European session on Friday. China's stimulus optimism and a broad US Dollar correction help the pair recover the dovish ECB decision-induced losses. All eyes remain on the Fedspeak.
GBP/USD pares UK data-led gains below 1.3050
GBP/USD is trading below 1.3050 in European trading on Friday, reversing upbeat UK Retail Sales data-led gains. The UK data failed to alter dovish BoE expectations. The downside, however, appears limited by the US Dollar pullback. Fedspeak awaited.
Gold plants flag above fresh all-time high at $2,700 on increased prospects of global easing
Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high.
Dogecoin whale activity takes a hit, will DOGE price plummet?
Dogecoin notes a drop in the count and volume of whale transactions in the last two days. On-chain data from IntoTheBlock shows that whales have likely slowed down their activity.
Canada debates whether to supersize rate cuts
A fourth consecutive Bank of Canada rate cut is expected, but the market senses it will accelerate the move towards neutral policy rates with a 50bp step change. Inflation is finally below target and unemployment is trending higher, but the economy is still growing.
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